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hawaii tonight to come back to d.c. let's speak to a republican from florida. congresswoman, you played a big role in getting a marine out of a nightmarish prison in mexico and back to his family for christmas. first, i want to ask you about the fiscal cliff and what's happening in the next couple of days. first, do you think it's possible we'll get anything other than a band-aid between now and six days from now when the triggers kick in? >> i'm very optimistic if all of us pull our weight and do some serious conversations we'll have a bipartisan solution, because nobody wants to go over this fiscal cliff. it will damage our economy. it will hurt every taxpayer, the largest tax increase in history. it will affect everybody, and anyone who is watching who thinks, oh this isn't going to impact me, you will fin out d o will, and we know the problem is a lot of spending. not that we're not taxing people more, we're just spending too much. we hope that the president understands that as for as republicans are concerned, we're willing to negotiate and have a civil conversation, but also he's
native hawaii for a short christmas break. we'll have a live report from hawaii and the latest on the fiscal cliff talks a few minutes as well. >>> it's official. bp oil company will pay up to the tune of $7.8 billion. that is a class action settlement amount they agreed to pay, about 100,000 businesses and individuals hurt by the biggest oil spill in american history. a federal judge formized the settlement yesterday. a lot of gulf coast residents opted out of the class action suit and are pursuing lawsuits on their own. >>> in egypt today, more effects of a brand-new government's growing pains. the vice president is out. he is stepping down there. this man, mahmud mechanicy announced political life does not agree with him, and he'll go back to being a judge. it's the same day the egyptian people are voting for a second straight weekend on proposed changes to the country new islamist backed constitution. egypt's new president gave himself near absolute power. >>> a former u.s. marine who spent four months in a mexican prison is free today. jon hammer was locked up in august on
in hawaii where the president is spending the christmas holiday. brianna, the president maybe a little too optimistic that a deal can be reached? aloha, by the way. >> he did say last night that he is a hopeless optimist that something can get done, but what we know, it's not going to be that big package, obviously of deficit reduction as well as dealing with these tax hikes that are set to kick in. that's not what's going to be happening, instead, he's pressing for something smaller just to a deal with stopping those tax hikes from kicking in for americans making $250,000 per year or less. and also trying to make sure that unemployment benefits are extended. listen to what president obama said last night and also listen to what some of the house republican resistance from speaker boehner to his sort of short-term plan here. >> in the next few days, i've asked leaders of congress to work towards a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans, and lays the groundwork for further work on both growth and deficit reduction.
with the president and joins us from hawaii. >> they can still talk, right? true. but the people who matter are not. perhaps the lines of xhoukz are open between the white house and senate democrats. but the white house at this point is not in discussion with not only speaker john boehner but the senate minority leader, mitch mcconnell and perhaps because of that, you have some of that pessimism of senator liberman being shared by republicans. >> when i listen to the president, i think the president is eager to go over the cliff for political purposes and sees a political victory at the bottom of the cliff. gets additional tax revenue, gets to cut the military which democrats have been calling for for years and blame republicans for it. >> now, all eyes are now on the senate, which will reconvene on thursday. seen as likely that president obama will head back to washington from hawaii here. senate minority leader harry reid has the task of trying to conjure up something that might be able to pass the house in addition to the senate publicly. the white house is saying they want tax rates to remain i
this christmas eve. he's on vacation in hawaii. they arrived in hon saturday and he is expected to continue to get the updates of course on the fiscal talks. white house correspondent ed henry lives in hopb lieu hraoufplt i assume thahonolulu. i assume that is in between beach visits. >> reporter: the president does have a lot on his plate. he's trying to get vacation time in as you say. he knows he has the fiscal cliff waiting for him there back in washington. he attended a memorial service in hawaii for the late senator daniel inouye with the first lady. he is knowing that is what is happening back in washington still matters a great deal. and republicans on some of the sunday talk shows, like senator john barrasso of wyoming was on "fox news sunday" charging that the president really does want the nation to go off the cliff because then tax less go up. take a listen. >> when i listen to the president i think the president is eager to go over the cliff for political purposes. i think he sees a political victory at the bottom of the cliff. he gets all this additional tax revenue for new pr
is in hawaii. let's go straight to cnn's emily schmidt in washington. good morning. so before he left the capitoal, he laid out this three-point plan to washington. >> before he left to hawaii, he left for a gift for lawmakers to ponder in washington. here are the three main points he's saying. he wants to make sure there's a law passed that ensures 98% of americans know their taxes are not going to go up in just under two weeks. he also wants to make sure that 2 million americans who would otherwise lose their unemployment benefits if we went over the fiscal cliff would be able to keep those benefits. and finally he says, look, we can take a look at the longer term proposals, the larger reform at a later point. just lay the ground work at this point. we also know before the president left, he talked by phone with house speaker john boehner. he met in person with harry reid, although what the private happened, we don't know. but publicly things sound a lot like they have for the past few weeks. take a listen. >> every member of congress believes that, every democrat, every republican.
hawaii for washington, and the senate is reconvening today. now the automatic spending cuts and the tax increases that make up the fiscal cliff, they're set to take effect in just five days. much more on the fiscal cliff crisis, the effort to reach some kind of agreement later this hour. we're going go live to capitol hill for the latest as the senate returns to work. that is coming up in about 20 minutes. >>> and president obama's going to have another cabinet position to fill for the new year. we learned a short time ago apa lisa jackson is stepping down after the president's state of the union speech in january. jackson starting with the agency as a staff level scientist back in 1987. during her tenure as administrator she tackled pollution problems in poor community communities. oil drilling and coal regulations. all those things on her plate. jackson said she is confident epa is headed in the right direction. >>> winter storm causing some real headaches. millions of folks in the mid-atlantic states, we're looking at heavy snow, torrential rain, strong winds, dangerous travel condit
is hawaii. the house is out of session. the senate is adjourned. they are going to coming back on the 27th. that gives them five days. they have been talking about this fiscal cliff for months. last five days and they have to involves more than a trillion dollars and billions of dollars in tax hikes. how can they get it done? they won't. president on friday gave the all clear for members not to do a big package. he said, look, let's do a stopgap. in other words, let's stop everyone from having their taxes go up and do something smaller so on january 1st it's not just this big looming.... >> does that mean the president could offer extend the tax rates for six months and begin negotiating all over again beginning in january, obviously that would be the usual procrastination in washington, is that what you are talking about here? >> i think what will happen, the president will look for ways to gain the most leverage for himself. the conventional wisdom, democrats really gain power if january 1st comes along and everybody's taxes goes up. it brings revenues in the treasury and raises rates on
. with the obama family home for the holidays in hawaii we couldn't help but wish everybody a hawaiian merry christmas h morning. ♪ here we know christmas is green and bright ♪ ♪ sunshines by day and all the stars at night ♪ >> you know what's next, don't you? i this movie. >>> brianna is in hawaii right now traveling with the obama family. so merry christmas, brianna. what are the obamas doing today, i wonder. >> to you as well, carol. there's nothing on the president's public schedule so we don't know exactly what they're doing but presumably they're doing what most -- many americans will be doing on this christmas. still very early, of course, here on a oahu. it's about 4:00 a.m. local time. they will be presumably, waking up in the home that they're renting about 45 minutes from where we are in this area. and celebrating. so you saw the first lady did it did get in the spirit talking to kids who were watching norad track santa. the president spending his christmas eve a little differently playing golf. not quite as festive as what the first lady was doing and, also, going to the
-minute deal. for now president obama and the first family are celebrating christmas in hawaii and that's where our ed henry is traveling with the president now live in honolulu. ed? bottom line the president is here in hawaii but might not be here for long. shortly after christmas likely to go back to washington. try and broker some sort of a deal. you remember before he left for hawaii, he announced that he wanted more of a short-term deal. sort of scaled back stop gap measure so that that big grand 4 trillion-dollar. instead he wanted to extend tax cuts for the middle class. he wanted to extend benefits for 2 million people that will lose those benefits a week after christmas. republicans are saying they think the president actually wants to go off the fiscal cliff for political gain. take a listen. when i listen to the president i think the president is eager to go over the cliff for political purposes. additional tax revenue for new programs. he gets to cut the military which democrats have been calling for for years. and he gets to blame republicans for it. >> now, republicans are also sk
in hawaii and, yes, christmas brings us one day closer to possibly the fiscal cliff, the huge tax increases, spending cuts that could take effect in one week or so. brianna keeler is watching there in hawaii, joining us with the update. first of all, how is the president, how is the first family spending the holiday? >> presumably right now they are sleeping in, suzanne, because it is still very early here as you know. >> what time is it? >> we are expecting of course they'll have a christmas. let's see. 6:00 in the morning bright and early. we've been at it for a few hours. we expect them to have a nice christmas meal at the house they're renting. the white house chef is here. maybe we'll get details on what they are going to eat. there is nothing on the president's public schedule. he is frequently gone and visiting with troops in the past so we wouldn't be surprised if he did that again today. i will tell you that bo the dog is actually along for the ride here in hawaii and the white house released a video where bo just really kind of steals the show. let's look at a little of that. this
very good so far. we know that the president obama, on the way back from hawaii, worked the phones a bit, talking to the top four congressional leaders. speaker boehner, nancy pelosi, mitch mcconnell, and harry reid. earlier today, the senate majority leader sounded frustrated with the republicans in congress. >> nothing can move forward unless speaker boehner and mitch mcconnell are willing to come up with a bipartisan plan to participate. speaker boehner is unwilling to negotiate. we have not heard a word since neither mcconnell. nothing has happened. >> i should note that senator reid was due for a news conference later this afternoon. that has since been canceled. perhaps the senate majority leader has decided to do his talking behind closed doors and hammer out a deal. greg: filled with metaphors, no doubt. what a republican saying about the status of the fiscal cliff negotiations? reporter: they have been pretty quiet so far. we know the speaker of the house and the republican leadership team in the house is due for a conference call with members that are still back in their
harbor day, december 7th. it was 71 years ago today that japan attacked the u.s. military base in hawaii pulling our country into world war ii. more than 2400 americans were killed on this day back in 1941. the traditional moment of silence is planned this morning. 7:55 hawaii time marking the moment the bombing gain there. national guard aircraft will fly overhead in the missing man formation as well. >>> survivors of the attack will gather atop mountain diablo for the annual lighting of the by the way -- of the by the way con there. 84,000 people survived the attack there's only 3000 left and they're all well into their 90s now. can't forget. >> a piece of history there. time is 5:50, not feeling the bieber fever, the pop stars manager lashes out over a grammy snub. >> that got lawrence taken. not sure why: and it's beginning to look a lot like christmas. the first family gets festive at the national tree lighting ceremony. we'll share it with you when you come back. ,, your worst nightmare mr. box. since you foolishly brought back your bonus jack! i have copied your two pure beef patt
. also, president obama comes back from hawaii for the year's final showdown with congress. >>> and syria's government unleashes its most sophisticated weapons of the war. missiles from iran. we'd like to welcome our viewers here in the united states and around the world. wolf blitzer is off today. i'm candy crowley and you're in "the situation room." >>> i want to begin with a crisis you probably don't know is coming and, of course, is just about to hit. barring a last minute deal, union dock workers at more than a dozen major ports will go on strike this weekend. meaning just about everything we buy, from clothes to cars, can't be unloaded. the strike would impact 14 port along the eastern seaboard in gulf coast, including the port of baltimore and that's where we find cnn's brian todd live. the potential impact of this is pretty big. >> reporter: it's huge, candy. right here, this is one of the most crucial ports for commerce in this region. the sieger terminal. you can see massive container ships sitting in port. this is the port terminal with the bustling operations, containers still
are is likely to be here in town and the president has said that he's not going to go on his trip to hawaii, likely as long as he has somebody to negotiate with. we'll see what happens with this weekend. it doesn't sound like at least the key players are going anywhere. >> we'll see if there will be a christmas miracle. that would be nice, wouldn't it? >>> elsewhere on capitol hill, top state officials are promising congress that they will improve security at diplomatic posts around the world, in some cases by the end of the year. hearings are being held today on the deadly of the attack on benghazi, libya. arguing whether more money would help keep american diplomats safe. >> if the state department intends to blame it is long string of failures on inadequate funding, then perhaps it should take a closer look at the money that is being lavished on global climate change, culinary diplomacy programs and other favored projects. in money could have been used for providing diplomatic security, including hiring additional personnel and providing them with adequate equipment and training. >> we'r
is in honolulu. i'm not going to tease you about hawaii being a junket, because i know it's hard work and you're doing something. >> thank you. >> absolutely. i'm a little jealous of the water and backdrop and sand. never mind. i won't hate here. tell us, are there any conversations that are going on between the president, the republicans, the democrats, anybody to aavoid the fiscal cliff? >> reporter: well, this is what may be alarming to learn, suzanne. obviously, the white house is always in concert with senate democrats. there's always an open line of communication there, but there are really no substantive discussions going on with the white house and senate democrats with republicans both in the house and the senate. that may seem troubling at this point, because obviously eyes are turning towards the senate as it is going to reconvene on thursd thursday. if this fiscal cliff is to be averted, it has to get through both the senate and house with some republican support. so you're hearing pessimism now on both sides. take a listen to a democratic and a republican senator and how they see
quit his job and sold his things and planned to move to hawaii and bought a ticket. now she wonder fist he planned to move. here say counsellor with his high school. >> he was counseling kid assigned to the yard system and helped us with work in the counseling office. i found him to be a polite young man. soft spoken and nice smile. just really surprised that somebody with his personality would do this. >> we are learning more about the victims. 54-year-old cindy ann yullie. she was everyone's friend and a hospice nurse. steve forsythe had two children and loved to coach kids sports. christina is in the hospital in serious condition with bullet fragments in the lung and liver. the 15-year-old will recover, but faces more surgery. >> john mcafee, the software pioneer is back in the u.s. >> i don't even know why i'm here. this morning i was in jail and today here i am. >> a bizarre murder mist rear had this mouth you will on the run and hiding in belize to you go at mally and now miami beach. what's next? we caught up with him. that's ahead. [ female announcer ] what if the next big thing
that deadline, time to cut a deal is rapidly running out. ed henry with the president in honolulu, hawaii. ed, as we get this news. possibly the president leaving his vacation early? >> that's right, jamie. we are now learning from an administration official that it is likely the president will be leaving hawaii tomorrow. probably in the evening to get back to washington early thursday. possibly meet with congressional leaders. start working the phones, trying to move this forward because, frankly, when you talk to administration officials in private, they admit this is pretty tall right now because the president hasn't had a conversation with speaker boehner since last friday. now, if there is any hope in any of this, it's the fact that the president's aides say that both he and the speaker before they left washington on friday and saturday made clear that maybe christmas could provide a cooling off period that will bring them back together. take a listen. >> everybody can drink some eggnog, have some christmas cookies, sing some christmas carols. enjoy the company of loved ones. >> hope spr
to negotiate their freedom. >>> hawaii and the rest of the nation remember a gentle giant of the u.s. senate. >> with a heavy heart, it bid aloha, aloha to my good friend, colleague and brother, daniel inou inouye. >> you will be excused if you didn't know that before his death yesterday. hawaii's daniel inouye ranked third in the line of presidential succession. he was the senate pro tem, the senior member of the senate's majority party, having served 50 years during his half century in office. inouye made many, many friends, lots happen. but made remarkably little noise. initially barred from serving in world war ii because of his japanese roots, he petitioned to get himself into the army, wound up losing an arm, fought with such distinction that he earned the medal of honor. he was first elected to congress back in 1959, the year hawaii became a state. and earned such respect he was named to committee that investigated watergate, investigated the iran/contra, also rose to the top of the powerful senate appropriations committee, which helped him steer federal dollars to his beloved hawaii.
in leading especially in the fiscal cliff, he wouldn't be in hawaii now, he'd be in washington making sure that we had a deal -- gregg: has boehner done his job? >> boehner has done a great job in trying to lead republicans to a solution. gregg: seriously? >> absolutely. gregg: he can't even get a vote on his own plan, come on. >> here's the problem, gregg, is we have a president who basically says it's his way or the highway, and republicans are saying, no, we will raise revenue, but we won't do it at the expense of spending. our problem is a president who loves to spend money, who's now put down another $6 trillion in debt, and basically wants to save a trillion dollars over ten years when he's spending a trillion dollars of money we don't have a year. gregg: you know what, dick? president obama campaigned on the idea of 800 billion in new revenue, and when he won re-election, he suddenly said i'm going to double it. i'm demanding now $1.6 trillion in new revenue. i mean, how do you negotiate with a guy who keeps changing his proposal? >> well, what's interesting is that speaker boehner
to hawaii. where he said look, we have to scale back expectations. basically just extend middle class tax cuts. don't worry about the rates for everyone else. secondly extend unememployment insurance for about two million people who will be losing it a few days from now at the end of the year. finally he refer to possibility of smaller bit ever spending cuts. not major entitlement rerecall to. not major cuts to medicare like had been on the table in so-called plan a, the $4 trillion debt deal he and john boehner had been talking about for weeks. so we might see a small bit of spending cuts just to stave off the sequester, the massive amount of spending cuts that will kick in at the beginning of the year to harm the pentagon and other agencies. if they are getting anything, there are low expectations but if they get anything it will be a very small deal, something much smaller than they have been talking about for weeks, jon. jon: there aren't too many people these meetings. so a little hard to get an assessment, what is your idea, what is your best, yeah, assessment i guess how things are
. show me the money. missouri, just $2.95. most expensive is in hawaii. a significant development, josh. for the first time this year, gas is under $4 per gallon in all 50 states. and that's a little bit of relief, considering this is going to be the worst holiday traffic season on record in six years. a little bit of a break for our wallets. >> as we just heard, paula, thank you for that. >>> meanwhile, he's been called the giant of the senate and a true american hero. tributes pouring in for hawaii senator daniel inouye. he won the medal of honor for bravery in world war ii and then overcame racial prejudice to become the first japanese-american in congress. he went on to serve 50 distinguished years in the senate. a fellow hawaiian, president obama, tweeted this. aloha, danny. senator daniel inouye died monday. he was 88 years old. >>> and hazing charges are being filed after the death of a freshman student at northern illinois university. police say 19-year-old david bogenberger was forced to drink during a party at the pi kappa alpha fraternity house. his blood-alcohol level, five
will plunge the economy back into recession. president obama flies back from hawaii tonight to be ready if the senate comes back with a plan when it returns to work tomorrow. and house leaders are huddling with members on stand-by to return. senior congressional correspondent dana bash is following all of it for us. what are you hearing? >> there was a conference call of course members of the house leadership even, they're back in their districts, but there was a conference call today among those house republican leaders trying to figure out if and when the house should come back into session. two republican sources tell me they did not make a decision on this call. it's still up in the air. and a big reason for that is if anything can get done in the next six days, the ball is in the senate's court. the capitol is a ghost town. neither chamber in session. an eerie calm since the fiscal cliff only congress has the power to avert is less than one week away. from their home, senate democratic leaders is trying to figure out if the president's scaled back bill can pass congress at the 11th
÷Ñ÷ÑñÑ÷Ñ >>> hi. i just want to say happy holidays to my husband chris in hawaii and all of my family and friends back in louisiana. see you soon. then it happened. every boy's dream. i got called up to the big leagues. i was finally a man... on my way to shaving, driving and staying up past midnight. [ whoosh ] [ whoosh ] [ whoosh ] being an adult is overrated. [ male announcer ] holidays aren't the same without the real cream of reddi-wip. the sound of reddi-wip [ whoosh ] is the sound of joy. >>> the political conversation has shifted from the house to the senate where lawmakers are feeling the pressure f serves on the appropriations committee. she joins us now. thank you for being with us here, senator. >> thank you, richard. glad to be here. >> senator, there's a lot of talk about the fiscal cliff shifting to the senate. that's where a solution should be worked on. what have you been heard from your leadership on that? >> well, i think that everyone is going back to the drawing boards. i had hoped that we would be able to take speaker boehner's plan b and work on that with the democrats, and
is in the nation's capital this morning. so president obama's in hawaii. house speaker john boehner and other lawmakers have gone home for the holidays. what does all this mean for the chance of getting a deal done before the deadline? >> reporter: no doubt that president obama went to a warmer climate with the weather and probably a warmer climate politically. if there's any negotiating that will be done now, it will have to be done long distance for the next few days. we know that speaker boehner and president obama spoke in washington yesterday before they left. but when you hear their final words to reporters, it shows there is a continued public divide. >> the president and senate democrats have vowed to reject and veto all of our proposals while failing to offer responsible solutions of their own. but the president has -- what the president has offered so far simply won't do anything to solve our spending problem and begin to address our nation's crippling debt. >> in the next few days, i've asked leaders of congress to work toward a package that prevents a tax hike on middle-class amer
's track santa program. mrs. obama took calls from hawaii where she and the first family are spending the holiday. >> so what will be playing in the background this morning when the kiddies open their present? we're cnn. of course, we found a poll on this. ♪ silent night ♪ holy night ♪ all is calm >> that's right, according to the latest poll, "silent night" is america's christmas song, and who else but byng to sing followed by ""white christ mass" >> none of my made the list. >> "it's beginning to look a lot like christmas" is my favorite. i'll spare the singing. >> it's christmas. >> you don't want that, trust me. >> pretend like you're in the shower. >> i'm a jersey girl so for me it's "santa claus is coming to town" by springsteen but looking at the old school songs i like "i'll be home for christmas." >> that's a great up, too. i've been listening. >> coming up, what was naughty and who was nice in the world of politics this year. >> but first a very merry christmas gang-style. ♪ check out my new treadmill app. pretty sweet, huh? cute. but don't you have any apps on your
officials say the staff discussions are continuing even though the president's in hawaii. most everybody is vacated the capitol. but we're eight days away until the spending cuts and big tax hikes kick in for every american and at this moment the negotiations really do appear to be at a standstill notwithstanding talks. there are serious questions whether a compromise could be reached. lawmakerses warn no deal could plunge our economy into recession. here is senator joe lieberman. >> it's the first time i feel it is more likely we will go over the cliff than not and, if we allow that to happen it will be the most colossal, consequential act of congressional irresponsibility in a long time, maybe ever in american history because of the impact it will have on almost every american. gregg: marjorie clifton, former consultant to the obama campaign and principal of clifton consulting and tony sayegh, worked former vice-presidential nominee jack kemp and take radio news service. merry christmas. marjorie, let me start with you. past presidents who were very successful forcing a compromise on b
. president obama and family are in his native hawaii. he is planning to return to washington after christmas. >>> a weekend of violence. explosions and death in syria. at least five people killed in damascus today when a powerful car bomb blew up in this residential neighborhood. it tore through apartment buildings and filled the streets with debris. more than 140 people reportedly died in attacks across syria, most in damascus and its suburbs. >>> india, riot police blasted protesters with high-pressure water hoses trying to break up massive angry rallys against the government. people are furious after a woman reportedly gang raped and beaten on a moving city bus last weekend. protesters demanding changes to india's laws regarding rape saying women are not safe in new delhi and other cities in india. >>> a former marine spent more than four months at a mexican prison is free and heading home to florida. john hammer locked up in august on weapons charges. his family says he was physically abused in custody. threatened. chained to a bed, and never saw a judge. u.s. lawmakers and diplomats got
for the holidays, the president has gone to hawaii on vacation. white house correspondent brianna keilar tells us no one is really talking, anyone, to get this solved. at least not here at christmas. >> reporter: senate democrats are not in conversations right now with senate republicans or with house republicans. and this is problematic obviously because in order to avoid the fiscal cliff, you would need to find some sort of deal that would make it through the senate and the house and that would mean democratic and republican support. right now, all eyes on the senate because they will reconvene on the 27th that is thursday. and senate majority leader harry reid, it is up to him really to cobble together something that can get some of that support. right now the white house is still supporting a threshold of $250,000 back to their initial starting point for tax rates going up for those making more than that. but you can imagine, hala, that will be very hard for some republicans, maybe even some democrats to sign on to. >> right, and, you know, for just about a week ago, it was common to hear, oh
when they hit hawaii? i hope ed henry is okay. surfers tell their dramatic story. kelly: plus a high-tech mystery going on in iran. did it come under major cyberattack or not? we'll go in depth next there is no mass-produced human. so we created the extraordinarily comfortable sleep number experience. a collection of innovations designed around a bed with dualair technology that allows you to adjust to the support your body needs - each of your bodies. our sleep professionals will help you find your sleep number setting. exclusively at a sleep number store. comfort individualized. save 50% on the final closeout of our silver limited edition bed plus special financing through new years day. kelly: a desperate search for a 10-year-old girl in las vegas. last seen with a suspect wanted in a casino stabbing. the effort to find her safe and alive. >>> and new criticism over president obama's reported pick for secretary of defense. the backlash coming from the right and the left over the potential nomination of chuck hagel and whether it could make him bail out. >>> and serious health warn
in places like california and hawaii because of land use laws from the 1960's. second, if you look to the community reinvestment act, if you think that is the cause of the bubble, you have to explain why there was not a bubble in houston, raleigh, n.c., that winter? -- atlanta? it applied to those cities just as much as san francisco and miami, yet there were bubbles there and no balls in houston, omaha, -- bubbles in houston, ohio, -- global hawk, where have you. host: you conclude the book with "home ownership is not just an american dream, a dream of people all over the world. guest: that is absolutely right. a lot of research has shown that homeownership is one way to help people get out of poverty. if you want to start a small business, it turns out most are started with a loan on a business owner's home. if you want to put your kids through college, you can borrow against your home. homeownership is a way to build wealth. yet we have government saying we should get more people into apartments, fewer people into cinder the -- single-family homes. host: what is the track over l
. a manhunt on hawaii's big island. authorities are looking for two inmates who overpowered a guard and escaped from a correctional center. the two men are serving time for attempted murder and burglary. the family of a missing new york teenager releases an age-processed photo in hopes of getting a break in the case. 17-year-old brittany drexel vanished while on vacation with friends in myrtle beach, south carolina three years ago. jenna: we've been talking about the fiscal cliff and the clock is ticking down until the deadline for that amid all the efforts to hammer out a deal on capitol hill. while some warn of the damagers going over a cliff the man known as one of the greatest 20th century advocates for a free market economy may have had a different take. his name was milton freidman, and his greatest concern was really just government, and too much of it. here he is in a clip from the 2006 documentary "1%." >> in the end we'd end up worse off. it would do harm not good. people don't pay those high taxes, they find ways of getting around it. you're never going to be able to stop
out here to hawaii for the holidays. he and the first lady went to visit some troops at a u.s. marine base here, and he had a very simple, direct message. take a listen. >> so we know that it's not easy, but what we also want you to know is that you have the entire country behind you, and all of us understand that we would be nowhere without the extraordinary service that you guys provide. >> reporter: now, after the red eye flight tonight the president will be landing in the washington area early thursday, likely meeting with congressional leaders at some point later this week into the weekend. interesting, after a long flight like that, he'll probably need some coffee. starbucks revealing it's going to be having its employees to write "come together" on their coffee cups in their washington, d.c. shops trying to inspire folks in both parties to work out differences. we'll see whether or not this has any influence on both sides. gregg: i really didn't hear anything you said because i was looking agent -- at the beautiful diamondhead in the background. [laughter] tell our viewers what
. it has a tropical connection, because it's coming from the direction of hawaii, but still a mid and northern latitude situation. seattle and portland seeing some rain, snow at the higher elevations. if anything is a saving grace, it's a little cooler this go-around, so some of the moisture getting locked up in higher elevations in the form of snow. most of that is well north of san francisco and napa valley. this will sink further south, we'll get another piece of energy later on today that will spin up across the bay area and intensify the rainfall. that's what we will be watching closely. our computer models highlight that. one pulse to the north. another one fills in further to the south. it shouldn't be nearly what we saw last week. the ground is saturated. rivers are swollen. it won't take much to get more in the way of flooding. once we get past that, we are looking at a fairly dry scenario going over the next few days. today is the day. then tomorrow we'll hopefully be breathing a sigh of relief. >>> this morning intense fighting in syria outside the city of aleppo. rebel
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